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HUD Implementation of the Recovery Act $13.61 billion for HUD projects and programs PROGRAMFUNDINGDUE DATE Neighborhood Stabilization Program NSP-2 $1.09 billion nationally Competitive application July 17, 2009 Homelessness Prevention$24.4 million Washington State $1.26 million Snohomish County May 18, 2009 Community Development Block Grants $16 million Washington State $249,826 Everett $825,818 Snohomish County June 5 for entitlements June 29 for state Tax Credit Assistance Program $43 million to Washington State Housing Finance Commission TBD

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Community Development Block Grant - Recovery (CDBG-R) $1 billion allocated by formula to FY2008 entitlements and states only $16 million total in WA Priority on economic development, infrastructure, and housing that will result in economic investment, increase energy efficiency, and create or retain jobs Deadlines for substantial amendments are June 5 for entitlements and June 29 for state All activities will be posted on HUD website All funds must be expended by Sept. 30, 2012

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Tax Credit Assistance Program $2.25 billion nationwide Allocation based on HOME formula $43 million awarded to Washington State Housing Finance Commission Accelerate the production and preservation of affordable housing All funds must be expended by Feb. 2012